Industry Initiatives For Science And Math Education
- Assets
- $1.2m
- Revenue
- $942.3k
- Investments
- $0.0
- Employees
- 14
- Location
- Santa Clara, CA
- Founding
- 07/1992
- Data as of
- 05/2022
- EIN
- 77-0143865
Organization Overview
Industry Initiatives For Science And Math Education is located in Santa Clara, CA. The organization was established in 1992. As of 05/2022, Industry Initiatives For Science And Math Education employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Industry Initiatives For Science And Math Education is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Industry Initiatives For Science And Math Education generated $942.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.2m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IISME IS A NONPROFIT INDUSTRY-EDUCATION PARTNERSHIP WHOSE MISSION IS TO EMPOWER AND EQUIP CALIFORNIA SCIENCE MATH AND TECHNOLOGY TEACHERS WITH UNIQUE PROFESSIONAL DEVELOPMENT SO THAT THEY CAN INSPIRE THEIR STUDENTS TO STAY IN SCHOOL AND PREPARE FOR SUCCESSFUL SCIENCE TECHNOLOGY ENGINEERING AND MATH STEM-BASED CAREERS IN THE GLOBAL ECONOMY. IISME OFFERS PROGRAMS THAT LEVERAGE THE VAST RESOURCES OF LOCAL CORPORATIONS AND UNIVERSITY LABS AND GALVANIZE THEIR SUPPORT TO HELP TEACHERS IMPROVE THEIR TEACHING AND MOTIVATE STUDENTS TO PURSUE STEM-BASED CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER TEACHER-FELLOW PROGRAM - SUMMER TEACHER-FELLOW PROGRAM - IN THIS FISCAL YEAR IISME DBA IGNITED PROVIDED FELLOWSHIPS FOR 47 TEACHERS FROM 40 SCHOOLS; 51% OF WHOM TEACH IN SCHOOLS WITH A HIGH PERCENTAGE OF EDUCATIONALLY DISADVANTAGED STUDENTS. THESE TEACHERS INCREASED THEIR KNOWLEDGE OF STEM CAREERS GAINED IDEAS ABOUT MAKING THEIR CURRICULUM RELEVANT IN TODAY'S WORKPLACE AND FOUND NEW WAYS TO IMPROVE THEIR TEACHING. IN ADDITION THESE TEACHERS RECEIVED OVER $209,300 IN STIPENDS AND GRANTS PROVIDING A VALUABLE SALARY SUPPLEMENT TO OFFSET OUR REGION'S HIGH COST OF LIVING. 4 TEACHERS WERE AWARDED $2,000 IN FUND FOR INNOVATION FFI GRANTS. FFI IS A COMPETITIVE GRANT PROGRAM FOR IGNITED FELLOWS TO IMPROVE INSTRUCTION IN THEIR CLASSROOMS WITH INNOVATIVE EDUCATIONAL PROJECTS.
WATER CAREER PATHWAY PROGRAM - DURING THIS PROGRAM TEACHERS PARTICIPATE IN IMMERSIVE JOB-SHADOWS WITH A WATER COMPANY FOR A WEEK GENERATING LESSON PLAN IDEAS AND CREATING ONE CURRICULUM PLAN. DURING THE FISCAL YEAR 48 TEACHERS PARTICIPATED IN THIS PROGRAM. THEY INCREASED THEIR KNOWLEDGE OF STEM WORKPLACE CULTURES AND CAREER OPTIONS AND THEY INCREASED THEIR EFFECTIVENESS IN INTEGRATING 21ST CENTURY SKILL AS WELL AS REAL-WORLD INDUSTRY AND RESEARCH EXAMPLES IN THEIR TEACHING. IN ADDITION 4 TEACHERS WERE AWARDED OVER $1,100 TO PURCHASE SUPPLIES TO IMPLEMENT NEW RELATED PROJECTS IN THEIR CLASSROOMS.
INDUSTRY-ALIGNED SCIENCE PROGRAM MODELS - INDUSTRY-ALIGNED SCIENCE PROGRAM MODELS - NEW PROGRAM MODELS AIM TO TRAIN AND SUPPORT EDUCATORS IN TEACHING INDUSTRY-SPECIFIC SCIENCES. TEACHERS ARE EMPOWERED WITH NEW ENHANCED KNOWLEDGE CONFIDENCE RESOURCES AND PEER-SUPPORT TO SUCCESSFULLY INCREASE STUDENT EXPOSURE TO AND INTEREST IN THESE FIELDS. 30 TEACHERS PARTICIPATE IN ACTIVITIES IN THIS FISCAL YEAR. IGNITED IS INTRODUCING NEWER MODELS TO ADDRESS THE CHANGING NEEDS OF OUR CORPORATE PARTNERS AND EDUCATIONAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Schmidt Executive Director | Officer | 40 | $190,000 |
Keegan Evans President | Trustee | 4 | $0 |
Patrick Beatty Vice President | Trustee | 2 | $0 |
Sean Filan Treasurer | Trustee | 3 | $0 |
Kash Shaikh Director | Trustee | 2 | $0 |
Anne Hausler Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $152,115 |
| All other contributions, gifts, grants, and similar amounts not included above | $302,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,980 |
| Total Program Service Revenue | $464,403 |
| Investment income | $22,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $942,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $283,073 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $190,000 |
| Compensation of current officers, directors, key employees. | $20,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $381,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,988 |
| Payroll taxes | $75,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $196,492 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,514 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,077 |
| Insurance | $7,923 |
| All other expenses | $71 |
| Total functional expenses | $1,216,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,800 |
| Savings and temporary cash investments | $79,153 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $201,324 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,711 |
| Net Land, buildings, and equipment | $418 |
| Investments—publicly traded securities | $925,453 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,220,859 |
| Accounts payable and accrued expenses | $36,683 |
| Grants payable | $0 |
| Deferred revenue | $53,200 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,990 |
| Total liabilities | $130,873 |
| Net assets without donor restrictions | $542,111 |
| Net assets with donor restrictions | $547,875 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,220,859 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Industry Initiatives For Science And Math Education has recieved totaling $68,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $50,000 |
Marathon Petroleum Foundation Inc Findlay, OH PURPOSE: MARATHON EXPERIENCE WEEK | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joint Venture Silicon Valley Network San Jose, CA | $2,214,443 | $2,610,790 |
Erudite Technology Group Palo Alto, CA | $765,179 | $2,142,854 |
Education Alliance Of Washoe County Inc Reno, NV | $264,341 | $1,237,321 |
Redlands Educational Partnership Redlands, CA | $453,963 | $1,292,984 |
Industry Initiatives For Science And Math Education Santa Clara, CA | $1,220,859 | $942,282 |
In4all Beaverton, OR | $498,030 | $703,451 |
San Diego Hua Xia Chinese School Incorporation San Diego, CA | $1,912,056 | $607,317 |
The Can Do Kid Fund Mill Valley, CA | $361,007 | $2,178 |
The Washington Education Foundation Inc Peoria, AZ | $86,545 | $0 |
Salinas Area Chamber Of Commerce Foundation Salinas, CA | $58,641 | $0 |
Centro Latino For Literacy Granada Hills, CA | $22,784 | $0 |